There are good arguments for the both the ‘upside acceleration and blow off’ and ‘correction’ scenarios, short-term in the markets.
There are good arguments for the both the ‘upside acceleration and blow off’ and ‘correction’ scenarios, short-term in the markets. This creepy looking chart of junk bonds argues for the former, with its creepy looking bullish pattern. Junk bonds are a speculative barometer.
I am short SPY (no leverage; straight short with limited leash), but net long. Longest position of all… cash.
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